González Comercio Group
Update on González Comercio GroupDoña Lidia is another of the members of this group. She has a little business in her house where she sells soft drinks, crackers, and candies, since the soccer field is across the street from her house, and this helps her have more sales. She has now had this business for five years, and she comments that what she likes most about her business is that she earns money without leaving her house. She will buy a variety of soft drinks, fried snacks, candies, and crackers to stock her business.
Lidia is married and has seven children. Her youngest daughter is still in school. With this loan, Lidia will be able to help pay for the education of her daughter. In the future, Lidia hopes to continue expanding her business to help her daughter continue her studies.
The other members of the group are Maria del Socorro, who sells groceries; Zeferina, who sells snacks; and Fernanda, who sells footwear.
Lidia está casado y tiene siete hijos. Su hija menor se encuentra todavía en la escuela. Con este préstamo, Lidia será capaz de ayudar a financiar la educación de su hija. En el futuro, Lidia espera seguir ampliando su negocio para ayudar a su hija continuar sus estudios.
los demás integrantes del grupo son:
Maria del Socorro venta de abarrotes
Zeferina venta de antojitos
Fernanda venta de calzado
Previous Loan DetailsMaría del Socorro is part of the community of La Coraza, which is 30 minutes from Vicente Camalote, in the state of Oaxaca. The people of this community work growing sugar cane. María del Socorro is 45 years old and is married to Juan. She has 4 grown children, 2 men and 2 women, and currently… More from González Comercio Group's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid